Dow: bullish start to the weekend.
If you are looking for correlation between multiple oscillators as your signals for entering trades then you have come to the wrong place.
Remember this is a cat and mouse game where the mouse is chasing the cat and the cat sometimes turns around and eats the mouse.
As for the dow tomorrow, expecting a bullish breakout although entering before there is at least a half percent deviation off the 100 EMA on the 4 hour takes on risk I would not want to have as this market has been a bit choppier lately.
Dips are not immediately buying back as we saw throughout 2017 where sellers were squeezed and the algorithmic traders were adding onto already enormous longs. These dips still present an excellent opportunity to buy in at discounted prices for a short term swing.
Preferred Exposure: calls, 25500 strikes
Remember this is a cat and mouse game where the mouse is chasing the cat and the cat sometimes turns around and eats the mouse.
As for the dow tomorrow, expecting a bullish breakout although entering before there is at least a half percent deviation off the 100 EMA on the 4 hour takes on risk I would not want to have as this market has been a bit choppier lately.
Dips are not immediately buying back as we saw throughout 2017 where sellers were squeezed and the algorithmic traders were adding onto already enormous longs. These dips still present an excellent opportunity to buy in at discounted prices for a short term swing.
Preferred Exposure: calls, 25500 strikes
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